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  "documentTitle": "The Walt Disney Company (DIS)",
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  "notes": "Uses a timeline-to-outcome contrast structure to highlight the 'leadership void'.",
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      "kind": "callout",
      "text": "...Has Created a Leadership Void Where Disney Relies on Former CEO Successor Candidates to Serve as Consultants",
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      "text": "On July 30th, 2023 – Puck reported that Kevin Mayer and Tom Staggs – two former executives (and now Disney competitors!) who were viable CEO succession candidates that were passed over prior to their departures years ago – “have both been engaged individually by Disney to consult with Iger”",
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      "text": "Succession, which is arguably the Board’s most important responsibility, remains a chronic problem for the Company. We believe the Board has become overly reliant on Mr. Iger, precluding Disney from developing an effective succession plan – as a result, talented executives and succession candidates have left the organization, creating a leadership void.",
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      "text": "Iger has systematically eliminated any executive who could become a successor. To me it’s a real black mark on Iger’s record.",
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      "text": "“Iger has systematically eliminated any executive who could become a successor. To me it’s a real black mark on Iger’s record.” — Gary Wilson, Former CFO of Disney and Director (on Board for 21 years, up to and including the first hiring of Mr. Iger as CEO)",
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      "text": "Source: SEC filings, Company press releases, Puck article titled “Iger Brings Back His Old Heirs Apparent” by Matthew Belloni published on 07/30/23, WSJ article titled “The Disney Sequel Bob Iger Never Wanted” by Robbie Whelan published 01/24/24.",
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      "text": "Disney’s Chronic Succession Problems Have Seemingly Created a Leadership Void",
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